Repay Holdings Corporation (NASDAQ:RPAY) Receives $5.32 Average PT from Analysts

Shares of Repay Holdings Corporation (NASDAQ:RPAY) have earned an average rating of “Hold” from the eight analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $5.3214.

Several brokerages have recently issued reports on RPAY. Stephens lowered shares of Repay from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $7.00 to $3.75 in a research note on Tuesday, May 5th. Weiss Ratings downgraded shares of Repay from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. DA Davidson restated a “buy” rating and issued a $6.00 price objective on shares of Repay in a report on Wednesday, July 15th. Finally, UBS Group raised their price objective on shares of Repay from $3.75 to $4.25 and gave the company a “neutral” rating in a research note on Wednesday, June 3rd.

Institutional Trading of Repay

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new stake in shares of Repay in the 2nd quarter valued at $842,000. Caerus Investment Advisors LLC bought a new position in Repay during the first quarter worth about $31,000. Essential Partners LLC lifted its holdings in Repay by 69.8% during the first quarter. Essential Partners LLC now owns 9,612 shares of the company’s stock worth $25,000 after acquiring an additional 3,950 shares in the last quarter. Bank of America Corp DE grew its stake in Repay by 79.6% in the first quarter. Bank of America Corp DE now owns 495,656 shares of the company’s stock valued at $1,289,000 after acquiring an additional 219,747 shares during the period. Finally, Empowered Funds LLC grew its stake in Repay by 9.9% in the first quarter. Empowered Funds LLC now owns 510,504 shares of the company’s stock valued at $1,327,000 after acquiring an additional 45,939 shares during the period. 82.73% of the stock is owned by institutional investors.

Repay Price Performance

NASDAQ RPAY opened at $3.95 on Friday. The stock has a market capitalization of $375.09 million, a P/E ratio of -1.29 and a beta of 1.83. Repay has a 52 week low of $2.30 and a 52 week high of $6.05. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a fifty day moving average of $3.78 and a 200-day moving average of $3.43.

Repay Company Profile

Repay Holdings Corp. (Nasdaq: RPAY) is a specialized financial technology company that delivers integrated payment solutions to businesses operating within key vertical markets. The company’s platform enables merchants and service providers to accept a range of payment types, including credit and debit cards, automated clearing house (ACH) transfers and electronic checks. Repay’s offerings are designed to seamlessly integrate with third-party software applications, such as enterprise resource planning, customer relationship management and point-of-sale systems, empowering industries such as utilities, telecommunications, automotive finance, healthcare, insurance, property management and education.

Tracing its roots to the formation of Pinnacle Payment Systems in 1997, Repay expanded its capabilities through strategic acquisitions, including Southeastern Integrated Solutions and Payliance, before completing a business combination with Thunder Bridge Acquisition II in 2019 to become a publicly traded company on the Nasdaq.